Tesla Motors, Inc. (TSLA) Misses Q1 EPS by 7c; Narrowed FY12 Sales Guidance

May 9, 2012 4:08 PM EDT
Tesla Motors, Inc. (NASDAQ: TSLA) reported Q1 EPS of ($0.76), $0.07 worse than the analyst estimate of ($0.69). Revenue for the quarter came in at $30.2 million versus the consensus estimate of $32 million.

Sees FY2012 revenue of $560-$600 million, versus prior guidance of $550-$600 million and the consensus of $537.68 million.

With its earnings reports, Telsa said Model S deliveries to start ahead of schedule in June.

"We are pleased to report that we have nearly completed all regulatory approvals and certifications required to begin delivery of Model S to our customers in the United States. Thus, we anticipate that initial deliveries will begin in June, ahead of our announced schedule of July."

For earnings history and earnings-related data on Tesla Motors, Inc. (TSLA) click here.

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